About Bank Key & Bank Number

Question

howdy colleagues,
Our banks are set up whereby Bank Key (banka-bankl) = Bank Number (banka-bnklz). In the country where I am working, the Central Bank is now requiring the bulk payments to be processed by bank group (previously by bank branch) e.g. one or more bank branches equal one group. As a workaround, I am considering the use of Bank Number field as the bank group. What I am figuring and confirming out right now is whether this field has a special usage that might affect the current payment program processes.
We generate bank transfer schedules and summaries developed via SAPscript. No IDOCs, EDI and special types of payments, just the basic bank/wire transfers.
I will appreciate any advice and comments.
Thanks,
Ron Almonte

Answer 1

Hi
You would typically create one "House Bank" per Bank's routing number. So, if your company (read Company code) does business with a bank and have 5 account numbers with them, but they all have the same routing numbers, then just create one House Bank for that Company Code.
Next, you can create multiple Account IDs within that one House Bank. Typically, you would create an Acct ID for every account number issued by the bank.
You may also create multiple Account IDs for the same account number. Just use the bank issued account number over and over. You would do this if you want to attach each Account ID with a different G/L account. For example, your operational account receives cash deposits from customers and you issue payments to suppliers from the same account. Yet, you want to separate deposits and payments. Then, create two Account IDs say RECPT and PYMNT and set them up with the same Hopuse Bank and Bank account but different G/L account.